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NFT minting on Loopring Layer-2 is now live
Hassan Maishera - Cryptowisser
2022-02-28 11:10
The Loopring team announced in a tweet over the weekend that NFT minting on its Layer-2 is now live. Users can mint ERC-1155 NFTs on the Ethereum network via Loopring’s Layer-2 protocol.
Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks.
Loopring aims to build an open protocol for scalable, non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is down by about 2% so far today and is trading at $0.7534 at press time.
Source: Twitter
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